Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Bulgaria > Capital markets > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Capital markets
  2. Leading individuals
  3. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Capital markets clients in Bulgaria using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

Boyanov & Co handles sovereign and bond matters, stock exchange transactions and public offerings. Peter Petrov advised JP Morgan on the local law issues regarding a major planned Bulgarian state Eurobond issuance, under international swaps and derivatives documentation. Practice head Damian Simeonov is assisting Stifel Nicolaus Europe as lead manager on a $325m high-yield bond issuance by 4finance. Georgi Drenski is another key contact.

At DTT (Dimitrov, Tchompalov & Todorova), ‘brilliant professionals’ Dimitar Dimitrov and Katya Todorova utilise their ‘thorough knowledge of the Bulgarian legal framework and practice of the regulator’ to advise corporates on equity and debt issues. In one complex cross-border transaction, the group, as local counsel, advised the issuer of €65m secured exchangeable bonds, Global Invest Holding, on its sale and the transfer of all shares to a Malta-based company. ‘Market-oriented’ Yasen Nikolov is also recommended. Iordan Tchompalov is now with Stoeva Tchompalov & Znepolski.

Tsvetkova Bebov Komarevski’s ‘excellent’ team is co-led by Nikolay Bebov and Damyan Leshev, who are singled out for their ‘deep capital markets knowledge’. In one highlight, the group advised the Bulgarian subsidiary of Energo-Pro on an €130m bond issuance, and the subsequent bond listing on the Bulgarian Stock Exchange in 2017. The firm often assists foreign capital management companies with the local law aspects of transactions. Other clients include Raiffeisen Capital Management and TBI Bank.

Djingov, Gouginski, Kyutchukov & Velichkov’s ‘clearly knowledgeable and experienced’ team is led by Vessela Stancheva-Mincheva. It handles a number of Bulgarian sovereign bond issues for lead managers including JP Morgan and Banca IMI. Georgi Tzvetkov advises a Bulgarian state SPV (designed to support the implementation of programmes co-financed by EU funds) on related capital markets regulation and structuring matters. The firm also has expertise in initial public offerings.

Highlights for Gugushev & Partners Law Office included advising Futures Capital and Alpha Bulgaria on the purchase and sale of shares on the Bulgarian market, and matters concerning incorporation and local regulations and compliance. Practice head Stefan Gugushev has experience in the legal aspects of prospectus drafting, share trading, warrants, trading mechanisms and transaction structures. Dimitrinka Metodieva handles regulatory work.

At Kinstellar, Diana Dimova led a multijurisdictional team advising KBC Bank on local capital markets regulation and compliance following its acquisition of United Bulgarian Bank. The practice also assisted Nomura International with its role as arranger and dealer of a €200m Euro medium-term note. Svilen Issaev leads the practice.

Wolf Theiss’ diverse practice advises equity funds, lenders and borrowers, and financial corporate and sovereign institutions on debt capital and financial instrument transactions. The firm leverages its wider-European presence to provide analyses on EU novelties and their transportation into local law. Lead partner Katerina Kraeva advised Bank of America Merrill Lynch on the Bulgarian law implications of brokerage and custody services concerning debt and corporate securities, and assisted Ideal Standard Group with the issue of €75m secured notes. Richard Clegg is another key practitioner.

CMS’ Elitsa Ivanova has experience advising clients on equity investments in companies listed on the Bulgarian Stock Exchange. In addition to corporate issuers, the team has clients in the debt capital market.

Dimitrov, Petrov & Co’s ‘reliable’ team advises a number of Bulgarian investment intermediaries on the range of capital markets matters. Boyana Milcheva heads the team. The group successfully appealed a decision by the FSC regarding the non-approval of a listing for a pharmaceutical company on the Bulgarian Stock Exchange. Dimitar Karabelov is ‘a key player’.

Georgiev, Todorov & Co predominantly advises dealers, exchanges, investment banks and asset management companies on the local regulatory aspects of capital markets law. The team also provides procedural representation before the Commission for Financial Supervision pertaining to regulatory issues. The practice is led by Arno Mamasyan. Clients include Benchmark Group, Bulgarian Stock Exchange and Rothschild & Co.

Kambourov & Partners advises corporates and financial institutions on the gamut of equity and sovereign offerings and transactions, asset securitisations and bond issuances, and has particular expertise in real estate investment trusts. The practice is led by Vladimir Rangeloff. Clients include MBL and the Bulgarian Development Bank.

Penkov, Markov & Partners assists domestic and foreign corporates with the range of capital markets work, including the establishment of asset management companies and regulatory work. Ivan Markov is the main contact.

Tocheva & Mandazhieva Law Office assists domestic and international corporates with bond offerings and Bulgarian capital markets regulation. The firm is conducting due diligence on two of AQ Group’s subsidiaries in Bulgaria, in preparation for listing the parent company on NASDAQ Stockholm. Zhulieta Mandazhieva leads the team.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Europe

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Bulgaria for Capital markets

  • The challenges of inheriting shares in a limited liability company in Bulgaria

    75 % of the small to mid-size companies in Bulgaria are owned by families and their development has a significant role in defining the economy of the country. In the EU, family owned businesses represent more than 60% of all registered companies and ensure over 40% of the overall employment.
    - Murgova & Partners Attorneys at Law

Legal Developments in Bulgaria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to